Kesler Norman & Wride LLC Purchases 282 Shares of Broadcom Inc. $AVGO

Kesler Norman & Wride LLC grew its position in Broadcom Inc. (NASDAQ:AVGO) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,977 shares of the semiconductor manufacturer’s stock after purchasing an additional 282 shares during the period. Broadcom makes up approximately 1.8% of Kesler Norman & Wride LLC’s holdings, making the stock its 9th largest holding. Kesler Norman & Wride LLC’s holdings in Broadcom were worth $9,918,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cheviot Value Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at about $25,000. Sawyer & Company Inc lifted its stake in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Broadcom in the 2nd quarter valued at about $28,000. LGT Financial Advisors LLC purchased a new stake in shares of Broadcom during the 2nd quarter valued at about $31,000. Finally, Greenline Partners LLC purchased a new stake in shares of Broadcom during the 1st quarter valued at about $33,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AVGO. Evercore ISI raised their target price on Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Bank of America raised their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Morgan Stanley set a $409.00 target price on Broadcom and gave the company an “overweight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group reiterated a “buy” rating and set a $340.00 target price on shares of Broadcom in a report on Wednesday, August 13th. Finally, Citigroup reiterated a “buy” rating and set a $415.00 target price (up from $350.00) on shares of Broadcom in a report on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Broadcom has an average rating of “Buy” and an average target price of $372.52.

Broadcom Price Performance

AVGO stock opened at $358.98 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $386.48. The stock’s 50 day moving average is $342.93 and its two-hundred day moving average is $287.25. The company has a market capitalization of $1.70 trillion, a PE ratio of 91.58, a P/E/G ratio of 1.42 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 60.20%.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. This trade represents a 2.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares of the company’s stock, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company’s stock.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.